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to zero, goose egg, including bank of america and general electric. yes, parent company of this network. people consider it a financial because of its big ge capital division. i presumed that citigroup is going to go to zero. and i even presumed that jpmorgan was going to go to zero. and on top of all that, i took into account the total elimination of dividends at caterpillar as well as 3m. and then i added in the potential bankruptcy of alcoa. >> the house of pain. >> sell, sell, sell! >> for good measure. you've got to admit those are pretty dire assumptions. and you know what? even under those ghastly conditions, with all of those bankruptcies, going to zero situations, i still could not get us a low that took us down significantly from where prices already were. from the moment i made that call, remember, it was a bottoms-up call. i didn't say that i liked the market a. i said, look, i add all these up, and i take a minus three and minus three and minus five, and people were calling me crazy, but i could not get the dow prediction lower. and people said i had no idea what i was talk
, unfortunately, because it's one of the worst reporting companies in america, alcoa, the country's largest aluminum producer, kicks off the season. i can wait for alcoa. i've made that joke every year for 30 years. now, they report after the close. alcoa's been hurt since it reported last. but the two markets that failed to hit their targets last quarter, aerospace and industrial gas turbines, are at the beginning of finally long positive cycles. this company has immense cash flow and cost controls. the amount of money that could be made here as the economy continues to turn is impossible to ignore despite the fact that two firms downgraded it this week. i want you to watch this one closely, pay special attention to what they have to say about energy costs. after the street dumps on it, which it's going to do, maybe pick some up. as i expect both businesses to be strong in the second half. importantly, we will get our initial financial report card from the two major banks this week that i am watching, jpmorgan on wednesday and bank of america on friday. these companies will tell a much str
's back to where it was before it reported, like it didn't happen. or bank of america. which got caught up in the brouhaha obscuring how terrific that quarter really was. i went through it, fine-toothed comb. it's the only use i have for fine-toothed combs. and i've got to tell you it really was fabulous. that's why i kept them, even after i lost the hair. fine-toothed comb to go over bank of america's quarter. i marvel at both firms' numbers and how cheap they are considering. which is why i own them both for my charitable trust,, as i do ups. could there be spillover, further investigations into these firms? probably. all i can say there is that if there are others the whole issue gets diluted. people will forget the whole darn controversy. that's what happens. keeping an eye on vik pandit's citigroup, it shed 5% since yesterday, much of it because of goldman sachs. the company reports on monday. if it's good, you could be getting a gigantic goldman-inspired bargain on a stock that i think could ultimately wind its way higher, maybe to $12 in 2012. then third, you bu
to rick bensignor, another great technician, who named the bottom in bank of america for nearly a triple in less than three months. right on the show. along with the market's bottom in early march of 2009. fitzpatrick's work detected a huge mutual fund buy on every dip. bensignor's work enabled him to see that at $3 the bank of america sellers were just plain spent. they were exhausted. they were finished dumping their shares. they were at the finish line at the big marathon. when you're trying get to the bottom of what's happening with a stock, you want the complete picture based on the best information you can get your hands on. as an investor researching the company behind the stock lets you know whether that stock is worth owning and at what price. over the long run it's things like growth and the strength of the underlying company that determine the trajectory of a stock. the charts can't help you there. but at any given individual moment the buying and selling of the institutional money managers determines where the stock is going in the short term. and the technicals are the best
states of america! is being obscured and overblown by worries. like the trouble with greek bonds. greek bonds. it's trouble that only the most sophisticated player, the guys who flip from pounds to dollars to yen to euros actually can or should care about. every morning here in the u.s., every positive development these days is overshadowed by the shroud of athens. and it doesn't stop until the european trading day closes. eventually by mid-morning, we escape the downward pull, the vortex, and trade up on our own fundamentals. which is how the dow closed up 30 points, the s&p rose .34% today. it's not just the distress of the european territories that keeps us down. there's also an amazing ennoi about good news. we're anesthetized to anything bullish as investors just don't seem to respond with much enthusiasm, at least initially, to positive stories. maybe now they see the good news as routine. maybe they're just bored by good news. either way, when you combine the ennoi with the worries of atlas, zeus and mercury, then listen up captain marvel, you get a lot of bargains. shoot. it ain
billion incremental revenue to amazon. >> this is america, people. we don't read. >> come on. >> it's all about the video. >> speak for yourself. >> all right, i don't read. >> how do you think i find tiny bradshaw? i mean, you don't just make that stuff up. google it! or topeka it! >> you didn't get that from reading, did you? >> we'll be right back. # >>> raves for steve's new superstar? surprise, surprise. the real profits are in the plays off the ipad. will it knock off notebooks? kill the kindle? the hidden trades behind the hype. plus, sneaker stock, one-on-one analyst foot fetish. while the world number one asset manager gets two black eyes. we've got wall street's quirkest quarter-end calls when we continue. >>> welcome back to "fast money." the jobs report, it has been weighs on the minds of traders all week. as the critical data point will be released on a day when the market is actually closed. but our next guest says fear not, and he was, we should note, spot on with his dpaul call last time around with these numbers. joe, you are optimistic more than the street, why? >> thank
? >> caller: i would like to know your take on a company that's now the second largest company in the americas, jim. i'm talking about petrobras, pbr -- >> overdone, gus! overdone. it's moved too much. it's too big. and yes, i like brazil. how many times have i said even in this terrible debt to buy banko santender. but i think there are cheaper oiltz. i think bp's cheaper. i think we should keep playing with the calls, frankly. like maybe we go to mark in the land of enchantment of new mexico. mark. >> caller: jim, boo-yah to ya. >> hey, let me give you a boomer sooner boo-yah, lobo to ya. >> caller: thanks. >> by the way, i had butler, and i have duke. no, that's not true. i had like georgetown and syracuse. go ahead. >> caller: cool. say, i've been eyeballing first energy, and it's been downgraded recently. want to ask you if this is a good time to pick it up. >> i looked at first energy today. i was going to do a story about how the utilities are in buy mode. i love the acquisition that they made. and then you know, just this incredible wave of negativity. there's still one more problem wi
in tetesford america and kings collegiate for asking me the tough questions and reminding me how reviled the game is. but i'm right back at you. but some of it shouldn't be reviled. the part that pays dividends. "mad money" will be right back. ♪ >> announcer: coming up, mobile mania. could the anytime anywhere internet keep your portfolio connected with profits? cramer's going one on one with ciena's ceo on the "executive decision." and later, retail resurges. one stock's been up huge in the past year. but could it still be undervalued? cramer's going off the charts to find out. all coming up on "mad money." >>> tonight, in tribute to the late great comedian investing guru george carlin, boy, he loved the show and used to give me tips every week about how to make it better, i want to talk about the one dirty word you can't say on financial tv. speculation. i'm just about the only person in this business who encourages you to speculate, take a chance on risky stocks that can deliver huge gains. everybody else will tell you it's too dangerous for the home gamer, that you're playing with
our neck forever on this time upgraded by bank of america merrill lynch. this isn't an upgrade from a hold. no, that would be fine. it's an upgrade from a sell. he was telling to you sell it on friday, buy it on monday. sister, mother, sister, mother. i've seen "chinatown." it isn't an upgrade on a stock that has bottomed or is near the bottom. it's an upgrade at the 52-week, for heaven's sake. what's truly amazing to me is ciena did a much panned acquisition of a key part of the failed nortel business up in canada and got slammed for it. they were down there giving ciena the business. the stock took a huge hit from 14 down to 10. this bank of america at merrill lynch analyst, he hated the nortel acquisition when it was made. oh, now he says the merger is creating "a global optical powerhouse." the same guy. good grief. couldn't he have told us that when the stock was 11 instead of 17? you can't make this stuff up. he had a $10 target on ciena when the stock was at $13.44. now it's 17. got a $22 target. what happened? something maybe good over the weekend. ciena's catching a wave of
of america. he's in town to attend the oil and gas investment symposium. welcome to "mad money." >> thanks, jim. >> great to have you here. >> have a seat. one of the reasons i love these stocks is there's excitement. nothing wrong with having excitement. you've been around for years, your company. well respected. you've got this area, south texas, kind of producing area. what happens? tell the american people what happens? >> it's a good example of legacy assets. we for years called our adp field the rock of gibraltar. expected it to produce for many, many years well past my time in the business. but technology comes along and unlocks the ability to extract oil and gas out of other horizons deeper. the eagle ford shale is an example of that. shale gas in america is the discovery of an american treasure. throughout the country we're finding out we can extract oil and natural gas from these shales and create a resource space that's american. domestic. we can create jobs with. in south texas the eagle ford. it's maybe one of the best shales in north america because it's not just gas but it h
this unbelievable rally, will start to ramp. jpmorgan, bank of america, even citigroup, despite the government's offer. maybe even goldman sachs. imagine how far they can go once this is behind us. this good news is not in these stocks. i believe all these are worth buying. you have to do it ahead of when others realize that clarity is great news. particularly for cramer fav, jpmorgan which i think could go to 50 once we see this clarity. thanks, senator chris dodd for deciding to be a grown-up. let's not forget the other grown-up in washington, ben bar thankky. another source of clarify in this market and the reason for today's rally. so often we have to stretch the campus to paint the story of the day, but there was no impress n impressionism this time, no abstract art. just a real list that is our federal reserve chairman. while others fret about a double-dip recession or a system overwhelmed with foreclosures or a lack of new jobs or greece or portugal, bernanke is simply saying uh-uh, we're going to keep rates low until many more people get jobs. and many more people can stay in their ho
, you wouldn't be seeing such powerful rallies in jpmorgan or bank of america or wells fargo. they own too many homes through foreclosur foreclosure. it simply wouldn't be possible if the stories were as bad as people think. in fact, the very opposite is true. these bank moves are telling us there will be a housing shortage in 2011. now you really think i lost my mind. how could that ever be possible? well, how about the fact that we aren't bidding enough homes. home starts are back to where we were when we only had half the people we have in this country now. and because job growth will come back, you don't stop paying your mortgage when you have a job, by the way. three years ago, people laughed at me when i went around the country and said that homeowners would walk away from their houses en masse if their mortgages were under water. now that everyone is expected to flee homes they overpaid for, i am switching. i teeming you once job growth returns, foreclosures will be history. these homeowners will dig in and stay. it is no more of a worry than the big commercial real estate bust
that industrial america would get hit with massive shortfalls. but don't tell that to the ones i kept being told to get out, eaton, cooper, parker hannapin, emerson, 3m, because these companies took decisive action to deal with the slowdown, no, it wasn't pretty, but they took it. we were fretting. they were cutting. they won. the fretters lost. there was a time when money managers could get away with fretting. what they would do is when they were fretting they'd cut back their exposure to stocks. maybe they'd underperform the s&p 500 way sizable cash position. boy, are those days now gone. these days the fretters take action in a heartbeat. they short off of everything. they short apple all the way up. they short hewlett-packard because apple's going to take share. they short western digital because samsung lowers some target. they short intel because intel's supposed to go down if you're going up, isn't it? they short raindrops, sand storms, they short nuclear waste. they short stocks off a duke win. they short stocks off a met loss. take my word on this one. the met sellers will be usually sh
'm going a step further. i'm using the morning sickness of europe to do some buying in america because i am not going to let the ailing men of the continent frighten this guy. uh-uh. i'm not letting them frighten me out of this market. market contagion? marining immunization? morning after pill? no. i think we will go down practically every morning we get a downgrade until all these countries default. that doesn't, however, mean we will stay down. as we saw today when the fed's benign statements ignited this market and we went much higher. forget spanish rice. we've got uncle ben. is he the san francisco treat or is that another guy? appway, tonight i have a novel way to think of things. i want you to ask yourself -- i want you to ask yourself reagan-like, were your companies better off three years ago? i've been with all the conference calls and i can tell you that almost every dow stock is getting better now than it was back then. by my calculation only 4 out of 30 are doing worse. two are pushes and a whopping 23 are doing better. i want to opine on ge because it's parent company of this
: hi, jim. jim, i had a question for you. if bank of america should get downsized, how would that affect its stock price? >> no. i know. it would be back if it downsized. i've got to tell you something, brian moynihan and the team at bank of america, the merrill lynch people delivered an amazing quarter. it was lost in the shuffle. totally lost in the shuffle. it's going to determine that -- >> merger. >> -- was a very good one between bank of america and merrill lynch. here's the thing people have to recognize. that quarter was done and printed in the heart of the goldman tsunami, when everyone was like this. i liked it. was it as good as jpmorgan? no. but it's a much cheaper stock than jpmorgan. by the way, you want to read a good piece? read jamie dimon's annual letter. it is brilliant. he's the ceo of jpmorgan. let's go to brian in ohio. brian! >> caller: boo-yah, jim. brian from the buckeye city, columbus, ohio. >> columbus, ohio. we've been there. we loved it. we think that town rocks. also limited, by the way, rocks, which is headquartered there. how can i help? >> cal
out of gases that are deeper. the shale gas in america is the discovery of the american treasure. throughout the country, we can extract oil and natural gas from shale and create jobs with it. in south texas, we have the eagle field that's one of the best shales in north america because it's not just gas, but it's condensation rich in value. >> people, they read in "the new york times" which has been unfavorable to the industry, that natural gas is dirty, it spoils the water. that maybe our treasure resources or reservoirs are going to be spoiled by this? why do we get that publicity and not the idea this is a cleaner fuel than coal? i don't want to go to what coal can do to people. >> just because people say it's so doesn't mean it's so. people do attack the development of natural gas because of a hydraulic method. in 60 years, there's not an example of hydraulic stimulation infected water reservoirs but people continue to say it' going to happen. >> in south texas, no one is down there saying you're not going to do it. >> a lot of public lands for one thing, not public. a lot o
in teetsford america and kings collegiate for asking me the tough questions and reminding me how reviled the game is. but some of it shouldn't be reviled. the part that pays dividends. "mad money" will be right back. >> announcer: coming up, mobile mania. could the anytime anywhere internet keep your portfolio connected with profits? cramer's going one on one with ciena's ceo on the "executive decision." and later, retail resurges. one stock's been up huge in the past year. but could it still be undervalued? cramer's going off the charts to find out. all coming up on "mad money." miss aflac is not more benefits at greater cost to your company insurance. aflac is not how do i fit it in my company's budget insurance. aflac is help protect and care for your employees at no cost to your company insurance. with aflac, your employees pay only for the coverage they want or need. and, the cost to you - nothing at all. if all you know about us is... duck: aflac! ...then you don't know quack. to find out why more businesses provide aflac, visit >>> tonight, in tribute to the late gre
largest economy, is now one of the biggest turnaround stories in america, if not the world. i know the state sure seems like it's a mess. pension, budget bonds. heck, "the san jose mercury reported" that, and i quote, "los angeles could be broke by june 30th." man, that's pretty soon. ticktock on the clock. but just because the state's finances are in dire straits, meaning they have money for nothing, doesn't mean the businesses are bad. in fact, the nasty headlines are obscuring a turn in the state's economy that is monumental. and we can't have you fearing the stocks just because california's dysfunctional government has lost control of the situation. in a sense, it's a microcosm of the united states as a whole, as the out-of-control budget deficits are obscuring the in-control ceos and the money they are making for you. so because california's businesses are on the mend, a conclusion that i've arrived at by reading pretty much every local paper online and talking to tons of people in business, especially real estate people, we're playing "california, here i come" every day this
that move. don in indiana. >> caller: high speed boo-yahs from the racing capital of america. >> i was going to give you a hoosier boo-yah but it's more of a racing than a basketball town right now. >> >> caller: std? >> everyone's worried. they think spain's the next to topple. allied 8 require bank, awful. the big greek banks, awful. they're extrapolating the same thing. is that the right thing to do? it's entirely possible spain is going to be under so much pressure people are going to be able to flee from everything in spain. if that is the case it won't matter whether it's good or bad, which is why they're headed down right now. >>> dow down 213, s&p down 2%. it's a matter of trust. what have we really learned from the goldman hearing today? we learned the best way to protect yourself is to do your own homework, understand what you're investing in, and have faith in the companies and the stocks, not necessarily the people who are buying or selling them for you. "mad money" will be right back. >>> coming up, natural fit? deal are being made in natural gas country. could it make you mad m
america. we want to take a closer look at this quarter. the state of the steel business, the future of american manufacturing and, yes, employment. and nobody's better suited to help us than that than nucor's ceo dan d'amico. welcome back to "mad money." how are you? >> fine, jim. flat to be back. how are you? >> listen, we're all listening to the conference call and we were all saying the same thing, holy cow, we think dan got a little optimistic. you were a little more positive on this call than you've been in the last 18 months. >> well, listen, it's hard mott to be a little bit more optimistic for sure. you know, a year ago we were looking at a loss of 60 crypts a share. this quarter we made 10 cents. a year ago, we had operating profit excluding lifeo. this quarter we had it 146 million. our utilization is up to 73% versus 45% a year ago and 58% last quarter. things have improved but i don't want to mislead you, jim. we've still got a tough road ahead of us. >> well, you did say it was an uneven recovery. >> yes. >> you got the automotive side turning up but why don't you speak
ships might be bringing grain from the u.s. gulf to asia, to europe, from south america, argentina. >> now, one of the things that we have said on the show that concerns us and that the dry ships people said, diana said, this is look, there are just too many ships, and because of that you don't make as much money as you thought you would given the upturn in the economy. true? >> the order bulk is very big. what we saw last year in 2009 and the first quarter of this year is half the order book was not delivered. so we think in a way the downturn in the last 18 months may long term help us out because a lot of tho orders may be tightened. >> so things could tightened up because a lot of the ships you thought were going to be built aren't going to be built? >> correct. >> we were concerned. you had an ipo and at the time marshall islands, we didn't understand that. my dad served. he was in marshall islands in the war. and also we felt, okay, we're looking for the ships in this. reasonable concerns for -- >> yeah. they were a contract. we had the ships contracted from third parties. we
. removed from america's buy list. what's the true story here? let's find out from jarden ceo martin franklin. mr. franklin has made our viewers a lot of money. welcome back to the show, martin. how have you been? >> thanks very much, jim. a pleasure. very well. >> have a seat. how much of this quarter is from brand new products? >> well, i can tell you for full year we expect to have about a third of our sales will be products that have come out within the last three years. so i don't know if i can tell you exactly how many products, you know -- how much is new for just one year, but if we can average about a third new products introduced in the last three years, we're very happy. >> is that how we're getting that terrific organic growth i'm not getting from a lot of consumer product companies? >> the only way you can drive growth is by innovation. and our gloss phi has been from the very beginning take businesses, whether they're mature or growth segments and innovate, innovate, innovate. and that's where we spend our money, that's where we spend our effort, and that's where we've
in north america. we want to take a closer look at this quarter. the future of american manufacturing and, yes, employment. and nobody's better suited to help us than than nucor's ceo. welcome back to "mad money." how are you? >> fine, jim. bl glad to be back. >> we are all listening to the conference call saying holy cow, we thought dan got a little optimist optimistic. you were a little more positive on this call than you've been in the last 18 months. >> it's hard not to be optimistic. this quarter we made 10 cents. a year ago, we had operating prof profit. this quarter we had it 146 million. our utilization is up to 73% versus 45% a year ago and 58% last quarter. things have improved but i don't want to mislead you. we've still got a tough road ahead of us. >> you did say it was an uneven recovery. why don't you speak to the nonresidential construction market, which i thought would have been flying at this point out of the great recession. >> it's actually worse than it was a year ago, jim. it's not flying anywhere. but it's more like nose diving. i think we're at bottom, but there's
. that's what keeps us in the game. >> that's the goal. that's why the people from teach for america had me speak at that kings collegiate charter school, because i've got to make it interesting. they don't fear entertainment, education, as long as we're teaching. >> caller: that's right. hey, jim, wrapped up in apple's unbelievable quarter was an interesting discussion about the success of the iphone in china. coo tim cook said on the call that chinese sales were up nine times year over year, revenues were 1.3 billion, which is up 200%. that's pretty impressive even for apple. my question is like you, i recently gave up on china unicom after some pretty lackluster performance over the last year. >> had no choice. >> caller: is this a good time to jump back into unicom given their superior platform and position in the 3g market in china? >> no. and one of the reasons why, as i search for my little red book of mao, is that i have decided that basically china has become completely and utterly uninvestable. the way to play apple, as i used to say at my old hedge fund which ran $500 million,
places to put this 1,000 store chain in america without cannibalization. the analysts kept their numbers static. the short sellers believed it. and finally, there is one of my absolute favorite plays, netflix, subscriber growth of any company -- the stock is now up 30 points from last week. i've got to tell you, there are myriad portfolio managers that love subscriber models for the incredibly consistent cash flow and easy does it renewals. again, this is only a $5.5 billion company. it could double in size at a rather rapid pace. no wonder the stock is galloping. these moves, these so-called surprises were telegraphed in advance. they were telephoned, for heaven's sake. lady gaga slash beyonce style. but the analysts weren't listening. the surprises. they're surprised because the analysts have allowed themselves to be surprised. i call them sanctioned surprises. we on "mad money" do the opposite. it's why these cramer faves situations like whirlpool, netflix, chipotle, deckers, and cat might elude the incredibly overpaid wall street researchers. but they should have been anything but su
in america. >>> tonight on the kudlow report, a monster ism manufacturing report and an 18-month high in the dow could be forecasting a much bigger economic growth rate between now and year end. think of it. and hedge fund managers had a huge payday in 2009. they made $25 billion for the very top players. are they overpaid? is middle america enraged? and jp morgan's top hon co-jamie diamond attacks the demonization of banks. he said stop the finger pointing and blame. is he right, and is he too big to fail? more on obama's drill drill drill. with oil hitting $85 today, an 18-month high, is it really baby drill or half drill? we'll debate with our dynamic duo robert reisch and steve moore. stay tuned, everybody. "the kudlow report" begins right now. good evening, everyone. i'm larry kudlow. welcome back to "the kudlow report," where we believe free market capitalism is the best path to prosperity. one of the big headlines today was hedge fund managers enjoyed huge paydays last year, including a record $4 billion gain for david tepper of appaloosa management who bet big on the financial
that america experience ed. and they haven't recovered. you've done pretty well. i don't think that's the vision that most americans have of what -- how this nation and its economy should function. i thank you, mr. chairman. >> thank you very much, senator mccain. senator kaufman. >> good afternoon. >> good afternoon. >> in your testimony you say that goldman has been, and i quote, "a client-centered firm for 140 years. clients come to the firm because you say "one, they want financial advice. two, they need financing. three, they want to buy or sell a stock, bond, or other financial institution -- instrument or four, they want to help in managing or growing their financial assets." is that -- >> yes, sir. >> is it fair to say in the last 30 years that goldman has focused more and more of its resources and gained more and more of its revenue from trading in its own account without the need for clients? >> we have focused more -- we have focused more and more in trading as a principal, but that is the way the client business has evolved, sir. >> but it's evolved away from kind of the
Search Results 0 to 44 of about 45 (some duplicates have been removed)